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This course complements Macroeconomics I and continues with an introduction to dynamic macroeconomics. Part I is dedicated to Overlapping Generation (OLG) models. Practically all the analysis in Part I will be carried out in the context of a two-period OLG model with perfect foresight. This model has microeconomic foundations and provides a framework for dealing with intertemporal issues and, at the same time, it is simple enough to be studied analytically. Therefore, we can avoid technical complications and provide an extensive treatment of several topics of interest (government debt and taxes, bequests, land and crop, money and inflation, etc.). At the end of Part I, we will briefly comment on the current research based on multi-period OLG framework. In the remaining course, we will concentrate on applications of the standard neoclassical stochastic growth model with infinitely-lived agents. First, we will study how to calibrate and solve macroeconomic models by using numerical methods, and subsequently, we will review several research topics such as heterogeneous-agent economies, monetary policy, endogenous growth and cycles and time-inconsistency. The problem sets will include both theoretical and computer exercises. The programming language is MATLAB.